Launch HN: Modern Realty (YC S24) – AI Real Estate Agent for Home Buyers

Post by forgetfreeman » Wed, Sep 25, 2024, 6:35 AM UTC

fallingsquirrel wrote: post #227

IAmGraydon wrote: post #192

Earlier quoted context omitted.

>I don’t know any other real estate people who know anything about code CRE professional here (about a decade in the industry) who was a coder first. I think there's plenty that can be disrupted in real estate, and specially commercial real estate, where there are a lot of old problems that are ripe for solutions. It's like you said though - those who experience the problems and actually know how to write software to…

> A program/app/SAAS cannot hold a real estate license, and therefore cannot do things like quote rates, terms, or manage transactions. As of right now, it's illegal in most states. I wonder if the app could use the same "legal workaround" that political SMS spammers use. The app queues the messages, but an intern mashes the spacebar 100 times to spam 100 different people, therefore a human sent the message, therefor…

Post by monocasa » Wed, Sep 25, 2024, 7:29 AM UTC

mcmcmc wrote: post #239

0xB31B1B wrote: post #225

Earlier quoted context omitted.

Tesla does all of this and they do it without dealerships. The problem with dealerships is they’re independent franchised businesses that extract but do not create value, not that they are buildings full of cars.

I think you missed the part about "towns across the country". For almost 20k towns and cities in the US there are 245 Tesla storefronts.

Post by fakedang » Wed, Sep 25, 2024, 9:13 AM UTC

kevinob11 wrote: post #164

greenfish6 wrote: post #141

Earlier quoted context omitted.

Thanks for feedback. Our priority is on good service

I was so excited when I saw this and now I'm disappointed. This kind of statement "quit on trying to win clients that are trying to get the best price" creates a false dichotomy of those who are trying to pay nothing and those willing pay whatever. There are tons of customers in the middle who are happy to pay for important services but think 30K (3% in high COL areas) is too much for the services rendered. That bein…

Post by Double_a_92 » Wed, Sep 25, 2024, 9:35 AM UTC

tagami wrote: post #162

What limitations are in place due to licensed broker and agent laws?

Post by BostonEnginerd » Wed, Sep 25, 2024, 9:55 AM UTC

poulsbohemian wrote: post #232

greenfish6 wrote: post #88

Earlier quoted context omitted.

The primary driving factor on all these rates is the net take home for the seller. The reason why the total fee of 6% in a 3/3 split is because if this is done, then the seller will net about 10% higher than if they used no realtor. Similarly, for the buy agent half, they will get multiple extra % of home price above that 2.5%. The structure of the MLS / commission system incentivizes sellers to take out these large…

>then the seller will net about 10% higher than if they used no realtor See this is the bit where a good Realtor makes their money... on nearly every deal I do, I am saving or making more money for my buyers and sellers over what they could either do on their own or what they would get from another Realtor. Why? Because I have a strong analytical approach to the market and I actually do my job. The typical agent wait…